Comment Log Display

California Air Resources Board
1001 I Street
Sacramento, CA 95812

RE: Proposed Cap & Trade Regulations

Dear Chair Nichols, Board and Staff:

Thank you for your hard work and leadership in this arena. As a
former long-time constituent and supporter of Fran Pavley, it is
gratifying to see this policy coming to fruition.

First, as a new staff member of the Climate Protection Campaign, I
want to concur with the CPC’s main points, contained in separate
correspondence from our Executive Director, Ann Hancock, in favor
of:

•	An upstream-biased system 
•	Initial maximization leading to 100% auction of permits 
•	Compensating ratepayers with a dividend
•	Use of trading proceeds to fund important energy efficiency and
renewable energy programs 
•	A price floor on allowances (which is included in the proposal at
$10.00/allowance)

I want to emphasize the point about specifically defining ratepayer
benefit. Currently the benefit is not defined at all. This should
be a rebate check sent to ratepayers separately from their utility
bill so that they receive the price signal first and financial
adjustment secondarily.

In addition to the above, I support:
•	The declining cap;
•	The full auction of allowances in the transportation sector;
•	The concern among my fellow Sierra Club volunteers and others
about the regulations allowing forest clear-cut offsets. Please
eliminate this provision from the regulations.

Thank you for the opportunity to comment,

Woody Hastings
Sebastopol, CA